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RETAIL REPORT: Lyft Leads Robust IPO Calendar

Traders Magazine Online News, March 19, 2019

John D'Antona Jr.

And they’re off!

The IPO calendar, while relatively quiet up until the recent decision by Lyft to come to the market with its $2.1 billion offering just a few weeks ago, is beginning to firm up.

According to Bloomberg, there are plans by myriad companies to raise at least $6 billion in global initial public offerings - more than two thirds of the total announced previously this year.

While ride-sharing Lyft Inc leads the pack, Italian payments firm Nexi SpA is targeting a Milan IPO of up to 2.7 billion euros ($3.1 billion). Bloomberg reported that 12 other companies set terms for their offerings recently, including Precision Biosciences Inc. and Tufin Software Technologies Ltd., the data show.

It is widely expected that Lyft competitor Uber will also follow through with an IPO some time this year.

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